Integration options in PORTMAN:
How they make everyday life easier
In a financial world characterized by growing data complexity and increasing regulatory requirements, integration capabilities continue to play a crucial role in efficient operations. Data must be correct and we must receive it on time. But when there are many data sources, how do you ensure to get the full overview? By collecting all data in the same system.
PORTMAN offers a range of integration options designed to meet the daily needs of pension funds, banks, asset managers, Family Offices, etc. These features not only support optimized workflows, but also increased accuracy and reduced operational risks.
In this post, we delve into how you can integrate your business processes with PORTMAN.
In short, PORTMAN’s integration options enable you to:
- Reduce complexity
- Automate manual tasks
Ensure you have access to the correct data when you need it.
This way, the integration options help save time, minimize risks and introduce permanent efficiency gains in your daily operations.
Let’s take a closer look at the integration options.
PORTMAN offers two different integration options in general:
- Customized integrations
- Standard integrations
PORTMAN customized integrations
Our solution for customized integrations is PORTMAN Integrator (PM Integrator). In cases where PORTMAN’s standard integrations do not cover the need for automatic data import, PM Integrator can step in and fill the need.
The solution was developed when we saw a need for creating import files for daily operations and automated processing of data from external sources. In situations where the variation is too great for standard software to be suitable for the task, our PM Integrator can step in and solve the data management task.
How do custom integrations work in PORTMAN?
The customized integrations (PM Integrator) work by automatically transforming external data files into PORTMAN import format, which then imports data into PORTMAN. This helps ensure a minimal manual workload, freeing up time for other value-added tasks, while at the same time reducing the operational risk in data management.
PM Integrator is developed in close collaboration with the individual customer to ensure that the integration is tailored specifically to the individual needs. Here are a number of examples of what PM Integrator is used for:
Reconciliation files: External reconciliation files are transformed into a format that PORTMAN can read
Transactions: Import of transactions from custodian banks with the option of automatic enrichment of data (e.g. key figures and risk vectors) before import
X-ray: PM Integrator can prepare X-ray data for upload to PORTMAN
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PORTMAN standard integrations
Our standard integrations are developed to cover some of the essential needs that cross most financial players in the market.
Here are some examples:
Automation of trade settlement: With PORTMAN it is possible to handle the settlement process of trades and send instructions to the custodian banks.
PORTMAN’s Post Trade Processing integration makes it possible to in-source the trade flow to a greater extent and reduce manual processes and technical sources of error.
Master data and market data integrations: PORTMAN offers several standard integrations that aim to make it easy for users of the system to have master data and market data correct and updated as needed. They can achieve this by means of direct integrations to Bloomberg, where, for example, master data, prices, exchange rates, spreads, etc. can be automatically downloaded into PORTMAN. You can also download automatic import of prices and key figures for Nordic bonds and benchmark bond indices.
Integration with external applications: With PORTMAN’s API you can integrate data from PORTMAN into external data management tools. It gives you the opportunity to get data and calculations out of PORTMAN and makes it possible to use data from PORTMAN for e.g. pre-trade compliance, simulations, and management reporting.
PORTMAN: an automated front-to-back system
that supports your investment environment
Do you also see alternative investments as an important part of your future investment strategy?
Our PORTMAN solution is a recognized investment platform that supports our clients’ business-critical processes every day.
We understand the complexity – and help you simplify it.
With our AUM-based model, you get access to all current modules of PORTMAN and an unlimited number of users. This gives you maximum flexibility and ensures that your solution can easily keep up with your business – both today and in the future.
With PORTMAN you get:
- More time on your hands for value-added tasks through automation and streamlining of work processes
- Support for all common asset classes – including a dedicated module for alternative investments
- Flexibility with open APIs, so you can easily integrate with e.g. your data warehouse or your own dashboards
Mikkel Severin Lyngbye
Chief Sales Officer
Tel.: +45 2999 7141
Email: mikkel.lyngbye@vitecsoftware.com
